The latest figures from this story, report that the average UK small business is now owed £32,000, resulting in around £677 per month for each company affected – this adds up to over £8.7 billion in late payment costs for the whole of the UK – forcing one in five directors of these companies to be taking salary cuts. 289 more words

Nonpayment and Late Payment’s have become something that people all over the country seem to be dealing with. Being in business for yourself means that unless you have a team of lawyers on your side and strict policies already in place before you send out your first invoice for payment you can be at anytime not paid or even under paid for work that your business has done. 222 more words